Artefacts as Investments
Investing in African artefacts has become an alluring prospect for many worldwide. From the impressive masks of the Igbo people of Nigeria to the intricate sculptures of the Dogon people, African artefacts provide an opportunity to invest in unique pieces that are sure to generate returns in both money and culture over time.
But if you’re new to the world of investing in African artefacts, it can be daunting knowing where to start. In this article, we'll walk you through everything you need to know before investing: from learning about the African art market to understanding how to evaluate potential pieces. We'll also provide tips and tricks on what to do and not do as a collector so that you can ensure your collection continues growing in value. With our guide by your side, you can finally take the plunge into investing in African cultural heritage with confidence.
Introduction to African Artefacts as Investments
African artefacts have gained popularity in recent years for their aesthetic value, cultural significance, and potential as investments. However, for novice investors, it can be difficult to know where to start. In this section, we'll provide an overview of African artefacts as an investment and provide tips on what to know before you begin.
The Appeal of African Artefacts as Investments
The African art market has been growing steadily in recent years. According to a report by Artsy, auction sales of African and African diaspora art reached $125 million in 2019, up 19% from the previous year. Contemporary African art, in particular, has been gaining attention from collectors worldwide. The reason for this trend lies in the unique way African art is created and appreciated.
"Traditional African art performs a different function than modern Western art," says Willem Petzer, a South African art dealer. "It has a ritual and functional element and is primarily made for use in daily life before being appreciated for its artistic merit. This difference in intention and function makes traditional African art more appealing to investors."
Investing in African Art What to Know Before You Begin
While it's possible to find affordable pieces of African art, it's important to approach investing in this area with caution. Here are some steps you can take to ensure that you're getting the best value for your investment:
Understand the Market Make sure you understand the current trends, the reputations of different dealers, and the history of the particular pieces you're interested in before making any purchase.
Invest in Quality Look for well-made pieces that are in good condition and have good provenance. Authenticity is key don't invest in pieces without certificates of authenticity.
Diversify Invest in different types of African art, such as masks, sculptures, and textiles. This will help you spread your risk.
Be Patient Investing in African art can be a long-term game. Don't expect to make a quick return, and be prepared to hold onto your investment for a while.
Stay Informed Keep track of the African art market by attending exhibitions, reading art publications and following dealers on social media.
African Artefacts as an Investment A Different Way to Invest
Investing in African artefacts can be an excellent way to diversify your portfolio and invest in pieces with cultural significance. Unlike other forms of investment.
Understanding the Art Market Value of African Artefacts
If you're planning to start collecting African artefacts, it is crucial to understand the art market value of African art pieces. In this section, we will discuss key factors that impact the value of African artefacts in the art market.
Rarity and Desirability:
The rarity and desirability of African artefacts have a significant impact on their market value. According to art advisors, the rarity of an object is generally the most crucial factor in determining its value. A rare piece of African art is more likely to retain its market value or even appreciate over time.
2. Artistic Quality:
The artistic quality of African artefacts also plays a crucial role in their market value. High-quality pieces by renowned African artists or craftsmen tend to have a higher market value. As art advisors have noted, "Artworks that exhibit fine craftsmanship, exceptional design, and a high level of creativity will always attract a premium in any market."
3. Historical Significance and Provenance:
The historical significance and provenance of African artefacts are essential in determining their market value. Objects with well-documented provenance, or ownership history, usually have a higher market value. Historical significance, such as an object's association with a prominent African artist or cultural figure, can also drive up its value.
4. Condition:
The condition of African artefacts also plays a crucial role in their market value. Well-preserved pieces are generally valued higher than those in poor condition. Limited edition prints of their work, if available, also have a higher value as they are often produced in small quantities by the artist.
💡 Key Takeaway:
Before investing in African artefacts, it is essential to understand the art market value of African art pieces. Factors that impact the market value of the artefact include its rarity, artistic quality, historical significance, and the object's condition. Seeking support from an art advisor or acquisition guideline, and auction houses can provide guidance to collect rare and quality pieces with documented provenance.
Exploring the Different Ways to Collect African Artefacts
When it comes to collecting African artefacts, there are many ways to start building your collection. Below are some of the most common ways to begin:
Online Auctions: Online platforms such as eBay, Christie's, and Sotheby's offer a wide range of African artefacts for sale. These auctions are a fantastic way to acquire unique pieces from reputable sellers, but it's essential to do your research and verify the authenticity of the piece before bidding.
Art Fairs: Art fairs provide unique opportunities to see and acquire African artefacts in person. Some of the most popular fairs include the New York Tribal Art Show, the San Francisco Tribal and Textile Arts Show, and the Parcours des Mondes in Paris.
Galleries: Fine art galleries specialize in exhibiting and selling works of art from around the world. Many galleries feature contemporary African artists, making them an excellent resource for collectors interested in more modern pieces.
Museums: Many museums feature exhibitions of African art, and some even have gift shops that sell reproductions or other objects inspired by the artwork on display.
Antique Dealers: Antique dealers often have collections of African artefacts available for purchase. They can also be a great resource for information about the pieces they sell, their authenticity, and their history.
Whether you choose to collect traditional African art, tribal art, or contemporary African art, it's essential to do your research and only acquire pieces from reputable sources. As African diasporan artists gain more recognition, they are increasingly becoming a popular choice for collectors. Collecting African art is not only a way to invest in cultural heritage but also a way to support artists and their communities.
💡 Key Takeaway: When starting to collect African artefacts, consider exploring different options such as online auctions, art fairs, galleries, museums, and antique dealers. Be sure to do your research and only acquire pieces from reputable sources to ensure authenticity and support artists and their communities.
Researching the Best Way to Start Collecting African Artefacts
If you are considering investing in African artefacts, you want to make sure you are doing it right. Here are some tips to help you research and prepare before diving in.
Start by learning about the different types of African artefacts available.
African artefacts come in a variety of forms, from figurines and masks to musical instruments and textiles.
Each artefact has its own unique history, cultural significance, and value, so it is important to do your research and determine which types of artefacts interest you the most.
Familiarize yourself with the market and its trends.
Study the prices of different artefacts and observe how they fluctuate over time.
Track the auction results and prices of artefact sales in galleries and art shows.
Understand the current demand for certain artefacts and the factors that impact their value.
Consider the source of the artefacts you want to acquire.
Be wary of acquiring artefacts from questionable sources or situations that may involve trafficking or illegal activity.
Look for artefacts coming from reputable dealers or collectors who can provide you with accurate information about the artefact's history and authenticity.
Know the laws and regulations.
Before investing in African artefacts, make sure you have an understanding of the national and international laws and regulations that govern their trade and acquisition.
Learn about the regulations implemented by the UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property.
💡 Key Takeaway: Proper research and preparation are essential when starting to collect African artefacts. Understanding the different types of artefacts, familiarizing oneself with the market trends, knowing the source, and understanding the laws and regulations will help collectors to invest their money wisely and responsibly.
Setting a Budget for Your African Artefact Collection
If you're considering collecting African artefacts, the first thing to do is to set a budget. African artefacts can be found at various price points, and it's best to determine your spending limit early on. Here are some tips to help you establish a budget for your African artefact collection.
Determine what you can afford
Before setting a budget, take a close look at your finances and determine how much you can realistically spend on art. Consider your disposable income as well as any other financial obligations you may have. It's important to set a limit that won't put you in financial strain.
Consider the art market value
When setting your budget, also consider the art market value of the artefacts you are interested in collecting. You may need to do some research on the current market prices, as prices vary depending on the artist, rarity, and condition of the artefact. Keep in mind that some artefacts may appreciate in value over time, making them a potentially profitable investment.
Look for affordable options
While high-end African artefacts can be quite expensive, there are also many affordable options available. You can find items such as wooden carvings, masks, and textiles that can fit within a modest budget. These affordable artefacts can still be of great quality and beauty.
Attend art fairs and auctions
Attending art fairs and auctions can be a great way to find African artefacts at a reasonable price. These events offer the opportunity to bid on artefacts, allowing you to potentially acquire them at a lower cost than buying directly from an art dealer.
Be prepared to invest
Remember, collecting African artefacts is not only about buying objects but investing in the cultural heritage and artistic traditions of the African continent. It's important to approach collecting with a sense of reverence for the objects and the culture they represent.
💡 Key Takeaway: When setting a budget for your African artefact collection, take into account your financial situation, and the market value of the artefacts, and look for affordable options. Remember to invest in the cultural heritage and artistic traditions of the African continent.
Where to Find African Artefacts for Sale
Now that you understand the value and significance of African artefacts as investments, it's time to discover where you can find them for sale. Here are some options:
African Art Fairs
Attending an African art fair is a great way to see and purchase a diverse collection of African artefacts. These fairs bring together dealers, collectors, and enthusiasts from all over the world. Some of the most renowned African art fair events include 1-54 Contemporary African Art Fair, AKAA Also Known as Africa, and Art X Lagos.
Auctions
Auctions can be a great way to acquire African artefacts that have a long history and provenance. There are many auction houses that specialize in African art, including Sotheby's, Bonhams, and Christie's.
Online Marketplaces
If you don't have access to auctions or art fairs, online marketplaces can provide a convenient alternative. Websites like Artsy, Invaluable, and 1stdibs have a wide variety of African artefacts for sale. However, it's important to be cautious when purchasing artefacts online and make sure the seller has a good reputation and provides a detailed description of the artefact.
Private Dealers
Private dealers can offer a personalized and curated selection of African artefacts for sale. Building a relationship with a trusted private dealer can be a great way to acquire rare and unique pieces. Ask for references and do your own research to ensure they have a good reputation in the art world.
💡 Key Takeaway: When it comes to finding African artefacts for sale, there are many options available. Attend African art fairs, auctions, and online marketplaces to find a diverse collection of artefacts, or work with a trusted private dealer for a personalized selection. Regardless of where you purchase your artefacts, be sure to do your research and ensure they have a high level of authenticity and provenance.
Caring for and Displaying Your Collection of African Artefacts
Once you’ve acquired African artefacts for your collection, it’s important to know how to properly care for and display them. Proper care and maintenance will help preserve the condition and value of your pieces.
Handling and Storage
When handling and storing your African artefacts, always make sure to use gloves to prevent oils from your skin from transferring onto the object. Keep the objects in a cool, dry place away from direct sunlight, which can cause fading and cracking.
If you’re displaying your artefacts, make sure to use proper stands or mounts. These should be stable and support the weight of the object without causing any damage. For smaller objects, consider using glass display cases to keep them protected from dust and other debris.
Cleaning and Maintenance
African artefacts are often made of natural materials that require special care when cleaning. Avoid using harsh chemicals or cleaners that can damage the objects. Instead, use a soft cloth or brush to gently remove any dirt or dust.
If there are any stains or discolourations, it’s best to consult a professional conservator who specializes in African artefacts. They can advise you on the best methods for cleaning and restoring your objects without causing damage.
Quotes:
"Proper care and maintenance will help preserve the condition and value of your pieces."
"When handling and storing your African artefacts, always make sure to use gloves to prevent oils from your skin from transferring onto the object."
💡 Key Takeaway: Proper care and maintenance are crucial for preserving the condition and value of your African artefacts. Use gloves when handling and storing them, keep them in a cool, dry place away from sunlight, and avoid harsh cleaners. Consult a professional conservator for cleaning and restoration needs.
Conclusion and Final Thoughts
In conclusion, African artefacts can be a great investment opportunity for those who have a passion for history, art, and culture. However, it is important to approach collectables as a long-term investment strategy. The value of African artefacts depends on various factors, including the rarity and authenticity of the piece.
Before starting your collection, it is crucial to do extensive research and educate yourself on the different types of African artefacts. This includes understanding the evolution of visual art and the first paintings in Africa. As you begin your collection, consider working with reputable dealers and experts in the field who can help authenticate the pieces and provide valuable insights into the market.
To summarize, collecting African artefacts can be a rewarding and educational experience as long as it is approached with care and thorough consideration. As a long-term investment strategy, it is important to stay informed and knowledgeable about the pieces in your collection and the ever-changing market.
💡 Key Takeaway: African artefacts can be a valuable and rewarding investment opportunity, but it is essential to do extensive research, work with reputable dealers, and approach it as a long-term investment strategy.